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    23-Acre Development Opportunity in Foster Title is generated by Realmo AI

    91 Danielson Pike, Foster, RI 02825

    View on Map
    Claim this Listing
    Pending
    $975,000

    MULTI_FAMILY - Foster, RI

    Property size:
    3,000 SF
    Lot size:
    23.00 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    123
    Last Refresh:
    Jun 23 at 6:06 am

    Property Features for 91 Danielson Pike

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4
    Parking
    12
    Standard status
    Pending
    Size
    3,000 SF
    Lot size
    23.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5500

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Electric (Heating), Baseboard
    Water source
    Well, Private

    Building Details

    Year built
    2025
    Number of units
    2
    Flooring type
    Carpet
    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Daniel Robbins

    Listing agent Daniel Robbins

    Listing office Bhhs Pinnacle Realty 1251 Atwood Avenue, Johnston, RI

    Listing date Feb 20, 2026

    MLS# 1405262 Listing URL

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 23‑acre property zoned commercial/residential, located in Foster on a heavily traveled road
    • New 2025 multi‑family home with 2 vacant units that have never been occupied
    • Unit sizes of approx. 1,400 SF and 1,600 SF, each with 2 bedrooms and 1 full bath
    • Open dining, living, and kitchen layouts, plus private entrances for the units
    • Kitchens include stainless steel appliances and granite counters
    • Includes a foundation measuring approx. 110' x 15', with well water and a septic tank

    Overview

    This 23-acre property, zoned for commercial and residential use, presents a development opportunity. Located in Foster on a well-traveled road, the property includes a new multi-family home featuring two vacant units. One unit is approximately 1400 square feet, and the other is approximately 1600 square feet. Both units have 2 bedrooms, 1 full bathroom, open layouts for the dining, living, and kitchen areas, a one-car garage, and private entrances. The kitchens are equipped with stainless steel appliances and granite counters. A foundation with dimensions of approximately 110' X 15' exists on the property and may be used for construction. The property offers potential for various business opportunities.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $76.3k $25.44
    − Vacancy −$5.0k −$1.65
    EGI $71.4k $23.79
    − OpEx −$21.4k −$7.14
    NOI $50.0k $16.65
    3,000 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $713.6K
    $624.4K – $832.5K (±1% cap)
    NOI $49,951 @ 7.0% cap · market cap 5.12%
    Second Best
    Apartment 5plus
    $566.3K
    $495.6K – $660.7K (±1% cap)
    NOI $39,644 @ 7.0% cap · market cap 4.07%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Hair Salon Gym & Fitness Center Discount Store (Bike/Boat/Book/etc) Store Pet Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Foster
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.725729
    Latitude
    41.813461

    FAQs

    What type of property is this?
    Commercial land - Commercial/residential zoned property with development potential and new multi-family home.
    Where is this commercial land located?
    The property is located at 91 Danielson Pike Foster, RI.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 23‑acre property zoned commercial/residential, located in Foster on a heavily traveled road; New 2025 multi‑family home with 2 vacant units that have never been occupied; Unit sizes of approx. 1,400 SF and 1,600 SF, each with 2 bedrooms and 1 full bath
    More about this property
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